Final answer:
The statement is False as COBRA usually provides 18 months of coverage, not one year, after leaving a job. The Affordable Care Act includes an employer mandate for companies with over 50 employees to provide health insurance and has expanded Medicaid eligibility.
Step-by-step explanation:
The statement 'Because of COBRA, you can continue to remain covered by your employer's health insurance plan for one year after you stop working for your employer' is False.
COBRA (Consolidated Omnibus Budget Reconciliation Act) allows individuals to extend their employer-provided health coverage after separating from their job, but the duration is typically limited to 18 months under most circumstances, not one year. That said, certain qualifying events can extend this period up to 36 months for some beneficiaries
Under the Affordable Care Act (also known as Obamacare), there are additional provisions that impact health insurance coverage. The employer mandate requires all employers with more than 50 employees to offer health insurance.
Additionally, the law expands Medicaid to a larger section of the population and established state-based insurance purchasing organizations for those who may not have access to employer-provided insurance or Medicaid. The statement is false.